🚀 $AVAX /USD ANALYSIS: TRADING AT $41.86—POTENTIAL FOR A BREAKOUT? 🚀📈

The $AVAX /USD pair is currently priced at $41.86, showing signs of consolidation near key support and resistance levels. Traders are keenly watching these price levels to gauge the next potential move.

📈 Market Conditions:

$AVAX/USD has recorded a 24-hour high of $42.50 and a low of $41.20. The price is holding above the critical $41.50 support level, with resistance at $42.50. There’s a chance for a bullish breakout as the price continues to hover near resistance.

📊 High Probability Trade Scenarios:

Bullish Scenario: A breakout above $42.50 could drive the price towards the next resistance at $45.00.

Take Profit (TP): $45.00

Stop Loss (SL): $41.00

Bearish Scenario: If the price falls below $41.50, it may test the support at $40.00.

Take Profit (TP): $40.00

Stop Loss (SL): $41.80

🔑 Key Levels to Watch:

Resistance: $42.50, $45.00

Support: $41.50, $40.00

📈 Market Outlook:

$AVAX/USD is facing key resistance at $42.50, and a breakout above this level could signal a move toward $45.00. However, if the price drops below $41.50, a short-term retracement towards $40.00 could occur. Watch for volume and momentum to confirm the next move.

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